ORLANDO-In a move to strengthen its leadership team, CNL Financial Group has added two executives with significant experience in the health care and senior living real estate sectors. CNL named Sharon Yester head of asset management and Kevin Maddron as senior vice president of asset management for the health care sector.
“Sharon and Kevin have a great deal of experience with managing large commercial property portfolios, particularly in the senior living and health care sectors,” Thomas Sittema, CEO of CNL, said in a statement. “Their relationships and knowledge will be invaluable as CNL grows its presence in those areas.”
Yester previously worked as senior vice president of asset management for CNL Retirement Properties, Inc. and subsequently as senior vice president of asset management at Health Care Property Investors, Inc., which acquired CNL Retirement Properties in 2006. At Health Care Property Investors she was responsible for a total portfolio worth more than $11 billion. Yester has more than 25 years of experience in senior living and health care, as well as experience in retail and lodging.
“I see CNL benefitting from our historical knowledge and success with CNL Retirement Properties, which grew a balanced base of assets from both larger operators and regional players,” Yester tells GlobeSt.com. “I also believe our ability to extend opportunities to current and future operators through the strength of our relationships and ability to execute on deals is highly important. Our team knowledge adds value to both sides of the equation as we work to achieve expected performance. We focus on being engaged with our assets, bringing strength to all aspects of the investment.”
Maddron is also returning to CNL, where he will direct an asset management team focused on senior living and health care properties. Most recently, he served as the COO and CFO for Servant Healthcare Investments, LLC, overseeing all of the company’s asset management functions. Maddron had previously served in asset management roles for CNL Retirement Properties as well as Health Care Property Investors.
Maddron called the opportunity to rejoin CNL as it re-enters the healthcare sector exciting. With the expected growth in investment capital at CNL, he tells GlobeSt.com it is an exciting time to be affiliated with CNL.
“As part of a team of individuals here at CNL, I see our backgrounds in asset managing, knowledge of senior housing and medical facility investing, and key relationships in the industry as adding tremendous value to investors wanting to be in this sector,” Maddron says. “I have directly participated in acquiring and asset managing more than $4 billion in health care real estate, and being able to put that experience to work at CNL is something I am excited about.”
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